IRS – Page 24 – DIGIT INFO

IRS: Like-Kind Tax Exemption Has Never Applied to Crypto Transactions

U.S. taxpayers have never been authorized to postpone paying tax using the like-kind exchange principle, an IRS official says

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The IRS Confirms a new Wave of Cryptocurrency Audits is Coming

TheMerkle Coinbase IRS Tax agencies around the globe continue to crack down on cryptocurrency users. A new joint report by the IRS and other agencies confirm there are new tools being deployed to identify tax evaders, cybercriminals, and other culprits. For some time now, the Joint Chiefs of Global Tax Enforcement have been working together. The IRS Targets Crypto Traders Again This unit consists of the IRS, as well as officials from the UK, Canada, Australia, and The Netherlands. All of these tax agencies share one common goal” tracking down tax evaders and cybercriminals. In the past two years, part of the focus

The post The IRS Confirms a new Wave of Cryptocurrency Audits is Coming appeared first on The Merkle Hash.

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Her Majesty the Queen Rules Out Crypto as Currency

HMRC is publishing a new policy paper for individual and business crypto taxes

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BitMEX Email Data Leak Fallout Is Serious, Many Users Already Affected

BitMEX’s recent email leak could have more far-reaching consequences than previously imagined

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New IRS Tax Guidance Targets Crypto, and US Persons Who Use It

The US IRS is tying up crypto users, making new steps toward crypto taxation that could potentially affect a lot of people

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New IRS Guidance: How to Report Crypto Assets Accurately

Here is everything you need to know about the IRS new guidance

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5 Takeaways From the New IRS Crypto Tax Guidance

TheMerkle IRS Coinbase US Government The IRS released an update to its guidance on crypto taxation earlier this month, the first such update since the initial version in 2014. The new guidance is in the form of a Q/A released on the IRS’s website – it mainly clarifies the tax treatment of Hard Forks and Airdrops but also underlines the tax treatment of various other forms of crypto activity. This is one in a series of moves the IRS has been making to ensure crypto traders pay their dues. In August of this year the IRS sent out letters to some 10000 crypto investors reminding

The post 5 Takeaways From the New IRS Crypto Tax Guidance appeared first on The Merkle Hash.

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Where US Regulators Stand on Crypto Assets

The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read: Tax Guide: What Crypto Owners Should Know […]

The post Where US Regulators Stand on Crypto Assets appeared first on Bitcoin News.

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Tax Guide: What Crypto Owners Should Know

Tax Guide: What Crypto Owners Should Know With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are not taxing crypto transactions. Furthermore, many tools exist […]

The post Tax Guide: What Crypto Owners Should Know appeared first on Bitcoin News.

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Crypto IRS Audits: Hire Professionals or Do it Yourself?

The IRS continues to hunt for crypto user identities. If the IRS audits you, sends you notices, etc., should you handle it yourself or get professional help?

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